Karen Wishart Sells 50,000 Shares of Urban One, Inc. (NASDAQ:UONEK) Stock

Urban One, Inc. (NASDAQ:UONEK) CAO Karen Wishart sold 50,000 shares of Urban One stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $1.01, for a total value of $50,500.00. Following the completion of the sale, the chief accounting officer now directly owns 41,278 shares in the company, valued at $41,690.78. This trade represents a 54.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Urban One Trading Down 1.0 %

Shares of UONEK stock opened at $0.99 on Friday. Urban One, Inc. has a 12-month low of $0.92 and a 12-month high of $4.12. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 2.90. The stock’s 50-day moving average price is $1.04 and its 200-day moving average price is $1.25. The stock has a market capitalization of $47.43 million, a price-to-earnings ratio of -0.58 and a beta of 0.56.

Urban One (NASDAQ:UONEK) last issued its earnings results on Tuesday, November 12th. The company reported $0.31 earnings per share (EPS) for the quarter. Urban One had a positive return on equity of 17.29% and a negative net margin of 17.82%. The firm had revenue of $110.39 million for the quarter.

Institutional Investors Weigh In On Urban One

A hedge fund recently bought a new stake in Urban One stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Urban One, Inc. (NASDAQ:UONEK) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,938 shares of the company’s stock, valued at approximately $27,000. Institutional investors own 19.70% of the company’s stock.

About Urban One

Urban One, Inc, together with its subsidiaries, operates as an urban-oriented multi-media company in the United States. The company operates through four segments: Radio Broadcasting, Cable Television, Reach Media, and Digital. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.